View All - 1973 Acts Section No : Acts & Ordinances SRI LANKA FOUNDATION LAWMarginal Notes1. This Law may be cited as the Sri Lanka Foundation Law, No. 31 of 1973.2. Establishment of the Sri Lanka Foundation. 3. Constitution of the Foundation, and the Board of Management 4. Term of office of members of the Foundation. 5. Objects of the Foundation. 6. The powers of the Foundation. 7. Fund of the foundation. 8. The Foundation to be a Corporation. 9. The seal of the Foundation. 10. Procedure for the meetings of the Board of Management. 11. The Foundation may act despite vacancies. 12. Compulsory acquisition of land required by the Foundation. 13. Accounts and audit thereof. 14. Annual report. 15. State land and State buildings. 16. Exemptions from certain duties and taxes. 17. Protection of members, &c. of the Foundation for action taken under this Law or on the direction of the Foundation. 18. No writ to issue against person or property of is member of the Foundation. 19. Regulations. 20. Transitional.